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1/30/2012 4:00PM

Long Primary Fight Won't Knock Out GOP

Why the GOP's bloody primary fight isn't likely to hurt the party in November, Carnival's profits to sink on cruise crash, force, a Jack Welch favored management tool falls out of favor and the Verizon vs. Verizon Wireless on cable and internet.

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... sch ... not many ... he's out as the primary is coming in Florida ... home on protracted fight could the GOP will outline that coming up right here ... on the News Hub I'm Kelsey Hubbard thanks for joining is here at the beest live ... David Weidner's like a Muslim ... Destin Florida is the one quality that ... really is is really getting ... the Composite debt payment that I love the bustles kept talking ... it's tough getting Oregon lawyer said right now and Jerry Sithe in Washington ... that was the I've joining us to give us more before we we we get to what's really going on in terms of the overall ... Republican Party and the impact it will have let's talk a little bit about what we're seeing in Florida and Romney seems to be widening ... so we tagged and snipping great suited to them that the going at it that tells LaVette about that and then what were seen on the ground right now ... well yes you can write notes to me it does appear in both camps seem to agree on this that ... Iran is a hidden pulling away a little bit ... you can't beat the fifty to shore because ... there's an enthusiasm factor for me emerging market wire rallies ... aam but I think they're all the of the poet of the last seventy two hours in a distinct feeling that Mitt Romney ... has put this one away and push will be by how much ... I that's important but not definitive in an evening Gingrich people are saying now with ... the matter through which water were moving on anyway what if I don't like ... that ... so to the point that it did it we now rate now that the company to be a long ... and contentious fight on what is the overall impact for the Republican Party activist ... and long-term help ... Brock Obama in his re-election campaign that well yet so I think you're right in it you gotta upload out of what the what were talking about but one that is not to be enough to stop thinking and perceiving then you probably are looking at our on site that doing good is this a month or Super Tuesday early March ... the Phoenix as a modified our way to the convention ... that's the sort of thing that these people in any political party many millions in St ... MO am I guess this is gonna be awful for us it's gonna be a man with the site ... and limited ourselves in a process that I think that's related to women but I think it's overstated the news on two thousand and eight ... when it was a man protected fight between Barack Obama and Hillary Clinton then again not rooting Brock a bomb in her element that much ... I hate Sundays estimated million a better candidate that made him a better debater ... the interest generated in the swing states as they marched through the primary calendar ... and that the Republicans that some of those advantages ... as well ... as the one thing people always say has been ... the odd time uniting after all was nasty Friday that would be linked but that turns out not to be true that many ... people were supporting weekend which now though I'm evangelical Christians ... and other tea party supporters ... the manager that lets the Brock Obama in November about the likelihood of another bid for the Republican candidate because they wanna be brought about ... you know ... it's it's interesting ... until it over to predict the winner but you know ... we thought Mitt Romney was going with South Carolina de think is a possibility that he will ... that we might see a surprise in Florida ... it certainly was made money doing now ... that's changing ... its order these poll numbers ... ITT said it's a cliche taken the gloves off but he's got more press that ... has he found himself or as he found his voice ... Ralph is offered at that um when when when the foreign fighters gotten to that however the opposite of what is big state there's a lot of sophisticated polling that goes on she does seem likely that the polls are probably ... more right than not and in every disagrees with the chance that this case they're right so yes ... Daniel thirsting one of these changes twenty million dollars in advertising a lot of negative against Newt Gingrich that's the that's a factor ... in the two good debates won the last one probably his best it may not read the ... as we found all year long does matter and circumstance people are watching these debates ... and using it to make judgments in you get a good job the last time out ... and I think the third thing that happened is there's been a real drum beat again speaking to some the Republican establishment people belittle the Republican establishment Democratic establishment doesn't mean all that much ... but the notion that people who serve with new Gingrich who would stand up and say quite loudly but it was really don't think he should the president ... has to take a toll eventually ... end those messages were correct in particular ... in the last few days that voters before that's why think all those things together ... probably had some ... and yes it in your Capital Journal piece that on the beest dot com for people to check out that that one of the things that that that was the biggest in these campaigns is money ... this is a long contract and GOP fight I'd hate what unquote wasting money that they could be the general action if they just didn't take it all the way the and if you were saying the can is continuing to fight its other ... thing is that money to fight against Brock Obama ... well I suppose that the money game is a zero sum game to be the case of a much or it isn't a lot of money available for people who wanted to be Brock Obama this year and there's no real reason to think this morning out this because the Republican nomination fight ... is going on I think the Republican candidate will be well funded ... no matter who it is and by the way if you go back to what I said earlier this summer this prolonged fighting draws attention ... dollars in voters to get interested Republican race Republican candidates is not money wasted and like it may have some residual effect the forces ... of the Republican party to the candidates in in in the Republican primary states ... to the registers Duckett voters registered get them out ... once the registered a still rich of November about also was the thing that help ... Brock Obama in in two thousand and eight so ... I don't know the unit say that this money wasted even if some of that is wasted ... is plenty more where that came from I suspect ... Jerry just a quick word on the other candidates who have no left in the race ... do any of them ... the book to show well in Florida or are they gonna move on and maybe you know throw their lot with Super Tuesday ... I don't think its underwriters to cover to turn the ball out of the data show to cruel Florida Ron Paul's recently pulled up stakes and moved on already ... and Rick Santorum hasn't been around ... much the last couple days because of the tragic ... when the children ... I so I don't think they're going to show before but they're not going away ... our Ron Paul has the potential to be affected state after state is focusing on caucus states like Nevada where this caucus or primary ... and Rick Santorum is gonna be there he's a factor even if the like it's a small percentage of about because he's helping to split ... the anti Romney but the longer he stays and ... that makes him a factor all by itself and by the way he's waiting to see if that Gingrich ... implodes at some point somebody to be ... the ... kind of interest to see the anti an Iran Iraq it time to think weren't that far it like to double what it meant for one hour late in the wrong call this a third party can agree what is that did it in this whole thing ... you know your guess is probably as good as mine or anybody else is on that my guess would be eighty doesn't know he's looking for some respect and is looking for some signs that some of the ideas ... he's put forward like Dylan saw that the Fed must be tougher on the Fed ... has taken hold in the party ... I think they probably have to some extent ... in my guess is the will probably be enough to stop them from doing it but you know who knows it's not the world's ... most predictable or you know the average guy he's a different a candidate ... in this isn't for Ron Paul he's he's retiring from Congress so this maybe is because they ... keep me warm and you know keep it going for him and the United when he's in the two of her message to deliver the message that were three can ... it be delivered another way besides running as a third party candidate to fill the happy with that ... I Jerry thank you so much for joining us we appreciate ... the update ... I was at a decent state ended and in states mired ten thirty for campaign journal I'm a lot more ... on the Florida primary then of course ... on Tuesday night we have full coverage ... of the prime time ... the primary results and if everything in its name from its its anyone wanna miss this year on the beest live Apple for thought results for you ... right here on the news that we're going to come up next with some news of the markets today I wanna miss that either stay with us ... welcome back to the News Hub I'm Kelsey Hubbard David Weidner stick it out with me for the half hour thanks to him I work in the market's early but first we're going to go ... destroyed a lot of them falling over the past couple weeks of course that Carnival Cruise line cost of the accordion that crashed off the coast of Italy particular look now at what the cost to the company made the long term ... we had my Kestrel joining us today it's you again asserted ... that the on as I know in this first happened we all knew it was it was disgusting it was a terrible time for the industry in general because of the big booking time for cruise lines ... aam and tells LaVette about how the company had determine what the long-term effects will be ... focused on China to help the long-term writes the Getting of them to ... come here ... I miss it but gains after the accident ... and it was ... beat them at ... a time teams entered the ... pre euro characteristics three January thirteen ... it's very small snapshot ... of sedans in India ... when he met today with the reading for fun when you think that ... yes that in itself is can she ... twenty twenty cents per share ... on their two thousand twelve earnings to that sound that Seno around ten percent ... their earnings into the store ... they don't think there's going to be a long-term significant index ... after the business but the ASA great knowledge in their filing that ... we should really remember ... bailing out the carnival I have a lot of other cruise lines as well so they they ... say they're pretty well diversified company that they ... did it what it is perhaps better than some competitors might have ... they're not getting a diversified out of the trees lining the streets ... in protest against it I'm that that hit parts there were just the kind of that ... the birds out there among the international cruise lines ... but they are getting about ten different trees line its ... own cost in the sky trees line ... then the caustic and Corey wants to ... the ANC's it can grow ... in bookings thus far ... the harder it ... estimates of abandoning its fifteen ships directly hundred ships the carnival has ... said is not too much to over ... Michigan where they're going ... to tell us a little bit about the industry right now that we've been to before the broadcast that this was the this is not a very good ... time for this to happen ... how was the cruise industry dealing in general this are recovering from the recession is that back to where ... it's it's more profit of eight ... yet it is to get ... a lot better than their industries and Britain recession and we continued profitable during the afternoon downturn ... by the ... airline industry ... Citigroup has been ok ... profits that come under pressure now for thirty years ... pricing is ... more difficult ... aam and ... atypically dated most of the gains are thirsty him through March for the year ... actions in us to a significant portion of it ... and so Nathan by the ... Senate and the images from the grounding of the show up ... to it ... and down combine that with that in this direction in tackling these guys winds ... likely from ... Cairo ... a decent chunk of their business in Europe ... see what that what what's going on in Europe the consumer ... aam and ... and yet it's not the best science ... I think that's a sign of where people can read more about ... your story and that is to have time ... to get ... anti paper via my ... thank you so much ... by reading Conway is here to tell us what's happening today in the market that we all know that that this is our offsetting the appearance of the losses from earlier so it's right there were a little bit into branded thanks for coming up thanks for having me ... here and here which explains that the service or real kind of that that the biggest down day of the month with a ... calm and then if you were stocks and futures off ever so slightly ... consists of some of those factors ever driving the market lower and that the that their particular day I mean just ever so slight that last me it's it's really it's a it's the same thing with the than seen all month ... is there any time the market ... gets the jitters from these issues ... in Europe that really drove trading last year ... as the day wears on people you are looking past the people are not really focusing on ... whether that's a good idea or non ultimately we will be ... will the leader in the U S the Dow is up a bigger move up in after one o'clock to anything specific happens and the ... euro amid the onthe on the desk are searching around for items on it there were some headlines that ... suggested that these debt auction Europe ... which ... just to kind of ... we're in sync with this ... dish to these ... things going on right now there's the talks between Greece ... and private creditors and ... that was really kind driving markets overseas ... there was causing Portuguese bond yields spike is ... more traders conclude he's really ... seen this in Portugal today and ... that's that's just the bigger problem ... there's that and then they're also these talks about credit beefing up the European ... bailout fund ... it's the latter eerie when they were kind of ... some headlines traders are interpreted in a more positive light but again ... as we know ... what comes of this stuff ... how traders are interpreted today isn't necessarily ... one of millions ... the reason you see the market is the sort of was coming coming coming back to the starting point ... is that ... you know a lot of these of these people get ... traders can look and act ... as though the overseas these comes in in the morning oh my God you know ... Portuguese bonds are up global clout ... and instead of looking guys you know there's a different situation here in us is much more optimism we had some good ... economic reports over the last few weeks ... and so suddenly EIA ... Universum like what we report on the second ... even ... if Europe is still not contained ... for showing growth here ... and I ... think you know ... Standard on the positive side to where we've seen big moves at the beginning and it comes back down the system is ... people trying to get out from the news ... and then in the and and recognizing that ... nothing is really still happening in Europe ... and to just open OK here and yet the ... reaction to ... me I think when you just just ... want a shift in favor of the people who say it ... sees the state shouldn't benefit because you know it's it's a ... portico ugly contest ... with the least ugly you know all the regions ... from what people who make that argument today started here in the U S company ... Thomas and deaths ... are bought out by Swiss engineering firm ... some folks out there doing ... it you'll see more of its going for it because ... as things start to TransUnion slowdown in a more pronounced leader ... in Europe you see those companies plowing their cash ... into the US to the extent possible to get out satirical is most companies will be pouring in Europe to the Hollywood history that I'm interested to hear ... yet so that I didn't that may have been a factor today but ... really Khona I I think you can do on the head David is is that the ... deal marked markets have a hard time picking the direction right now that suppose to last year we just had a different direction every single day ... his last name ... thank you so much to the test again ... and ... if ... they let us coming up in this hour to talk about the world's most expensive ... office building ... save us ... and welcome back to the NIT that I'm Kelsey Hubbard thanks for sticking with us here at the beest live ... and it's the usual that we talk about a company's competitor was they had the same name we're talking about Verizon verses Verizon here and Tom contend joining us ... to tell us more about it so I did it on interesting story here at Verizon Communications ... optically upper see from our cable TV and high-speed Internet subscribers ... is coming out of the Council of the competition in the name happens to be ... a Verizon and its explain that to us ... its rival the story here is you know ... the creators of the hope was that ... the Verizon with its pilots met up by a drop in and what ... was going to really compete against the cable companies I you know including ... chief among them are compact ... um and that what happened a couple of months ago that they announce a strange deal where ... I which had two main components the state has ... come to us having a big chunk of of radio spectrum on to Verizon wireless ... and and second they announces to him on TV which is just now thought to be rolled out ... in a couple of test market support and see Apple ... and they see what this means ... is that Verizon Wireless goers will sell Comcast on and off Verizon files ... to this is that of the strains good depending ... on situations ... where on BP going to Verizon wireless store in Seattle and Portland ... they will trump it as the five states and that's the ... new Internet network ... and and best cable network on ... the cheap compared it to ... ah Kong awesome that's causing ... outrage and questions I'd be just the spot month anti trust division today ... currently get this straight if you want Comcast owner Verizon store ... and if you want Verizon go to a Verizon store is that ... basically the ... message that I ... was a huge As motorway here this is gonna be a huge issue in terms of ... anticompetitive this and and you know ... we've seen how Telecom has really been a big focus of interest issues here in the US ... are we seeing ... you know how we gonna see more this from her eyes and I mean have they just sort of saturated the market ... another just kind of bumping up against themselves ... well I think that the chief concern is that ... you know ... they basically divided decided ... not to cough up market between them and loving wrote to each other is ... a geographic areas ... so you know the prize is a huge amount of money ... rolling out the bus across the country ... the suspicion is that they now said ok not now ... not to do what you know will keep this fire you keep the pot will compete against each other to vigorously ... I'm back to sort of arrangement with the faithful from last to get the top schools ... so was this mean for consumers any and I didn't notice anything different in the end of this China lot heads in the industry I actually ... cried out and anyway at the consumer level ... well I mean right now I'm you know that what I did what you see I have you know both of Comcast and Verizon ... competing for my have business not switch between them and you know we knew there was that ... all you know coming up with special offers to try and we knew of back and forth ... I'm so I think that a consumer point of view the concern would be that that these companies decided not to compete against each other anymore ... I've been then that could result in higher prices ... just the ... broker could give me your perspective from Comcas perspective ... do they gain in all this mean they're out there ... and got this agreement and therefore is the name is used in that basically for their service ... and the Cunnane squeezed out as fries and Verizon person ... on do they do that these from a marketing standpoint are they losing ... this year ... I will that ... very strongly behind its not like the deal because essentially ... I'm you know ... if someone goes into a Verizon wireless ... which I should be clear is that it is a unit of horizon ... and a joint venture with with Vodafone UK ... I'm you know some of those in the Verizon wireless the what the going to be presented with the option of getting ... out of the past I'm so ... some the contrast is going to be ... smart to do all these different Verizon Wireless boys' cross country ... just saying I ... can't thank the much for joining us be preceded it ... thank you ... now corporate ranking Swissie was championed by Jack Welch Tennessee CEO has fallen out of favor with some companies ... that some companies in the softening the light at three am ... the self are telling us about joining us ... to talk about today when things are being are saying that he so sorry we have hijacked losses The real champion of this that basically was ranking executives no one to three top low that turned belief is that things like that I think that the recent backed off its recent years and may I mean you know he was really payments for instituting the seventy twenty ten twenty and bottom ten percent for the first a gallon on this is really popular in the nineteen eighties and nineties alot companies rushed to him following an agreement ... on a year and still lot of lawsuits for age discrimination so what we've seen over the past decade or says these are backing off at its cost effective at trapping really dont wanna be associated with and ... that actually they are still doing it that it's calling anti something different in that way and you know the story really explain ... you mention what suits them but still went into a twenty two is one of the that that they don't look real good about it I mean they are a few in number and they say you ... did you know the theeuro warned to what ... you're basically ... you know basically I mean that your once you have to be an accurate three now consider yourself IYT we wanna work with you to truth view that if you Jon Friedman a certain period of time ... that we might have to me that on the scene of that company in that we had to let that his mentor was Jack Welch which is what a creep and why he's such a huge proponent of forcing ... them to other companies that ... are easily is the thing of the box as Lenovo GlaxoSmithKline is one company that uses the form of an eye and the iPad I have for it to the news that in the path and ... has since stopped in GE it fall and since he stopped forcing keen ... on bank ANZ is one company that's really at the ball ball caught it in a ... second year at four string keen on it be so much criticism ... for doing that he's done this is after taking the government fell out that if something actually wanted to and public eye ... I really get in response ... to the shareholders because it represents a systematic approach to worsen or played favorites with certain people and go for ... my ... and this ... I mean at the end of it's a it's not a machine drinking implying that it seems to have human beings cranky in employees and so there still isn't elements as possible favorites confirm the time ... it can still read that dot the which is one of the criticisms of four St team ... that has eight teeth then you know it ... there is nothing mentally perfect and this is better than having nothing at all if there ... is evidence that this would be the ... exact is the isthe is evidence that this type of franking is is getting results for the company ... to this day Jack Welch finance at the conference tourney is just not a huge proponent of this I mean he still stands by an effect it's actually the kindest form of management office ... because if you know a lot of times layoff common ... and keep our flag and they don't know where it came from ... Miss Lila Nieman dumpling and exactly where the sand thinking that the year to improve their performance and if they don't then they actually get a head start on job searching so it is actually feel ... really stand a chance and handed the kindest woman management's parts of the debris to ... snow ... that works ... we believe the things is that it did when I look you know I mean ... all these years covering Wall Street are No Companies basically variations of this and they don't ... spell it out ... as distinctly as LendingTree or cheat it ... everyone knows that the bottom part percentage Goldman Sachs are on notice to snuggle ... so that people get weeded out ... yet these can occur through especially when you're dealing with a large organization with a lot of people ... and do a lot of numbers to ... come here to create formulas and put in the X factor and see where people are ... looking at the at the company and he now for some companies that is the top ten percent maybe everyone to get for ... our banking and as Jack Locke says that it sort of like constantly upgrading the team like the stock market off ... and to stop by Leslie thank you so much that I am now and again when the Prophet Wall Street Journal ... joining us today thanks alot to him to ... have ... I'm slightly think if I'd thirteen at the world's most expensive ... office building ... the house a little before that but the correction ... that's the end of the Florida Progress neck has won a World Trade Center for site ... of a ground zero where the twin towers were not down it is being rebuilt that has been ... being rebuilt for ten years and costs are skyrocketing we've Eliot Brown joining us ... to tell us the latest about this that you know we all had secured York especially ... have watched as downtown has tried to rebuild it we've we've read about all the back and forth in ... the political act continue rings and the mom behind this building to an in your saying the costs to skyrocket tells LaVette about what's going on down there yet so basically what does that mean it's been a really long Odyssey and ... you can actually see that our little bubble ... for them ... I was right and you can actually see that it's it's and its trees grass roots have gotten a picture of it ... being so on what's happened lately is ... the owner the developer of the building the Port Authority your which is ... public agency funded by four years and airports ... serve re evaluating the costs and Qantas to alter themselves and said ... look we have a bunch of cos we didn't include this before ... and now that ... it's the history of seven hundred million ... which brings it to about three point eight billion which would make it by far ... the world's most expensive wasn't averse to putting more it's more the needs of the incredible structures that were seen pop up around the lower part of that is it's it's ... in other countries euphoric use of Liberal Arts again you know in in Dubai ... migrant worker stick to my pals still ... bought it gets worse the news and to think you're buildings towering this is it's it's this and ... so it was chosen to ... go by Governor Pataki and brothers years ago ... I decided to St terrorist attacks he have to make a really it's a spill ... they can get a security class eighth in your piece is this huge chunk of all that so what are they doing an activity in the building process to make it more state ... so it's it's literally built on Conover twenty storied ... good chunk of of steel and concrete ... there's no office you can see on ... TV could last for ... units often derided as for poker ... off and then in the middle of the building you have these really really thick walls I think that we do so ... aam in between the elevators in the rest the buildings ... for ... city just makes it was ... stable but ... they're still there were no word ... it's it's getting expensive it's gone beyond ... know projections a lot of projects to ... key in the cells enough space and ... a nice enough space and what's what's that included to make its products this ... absolutely ... I ... in the US the leasing market by Guinness skyrockets PR people who really think which actually it's happening in years past but um know it's it's ... it was valued in twenty ten which is a little bit worse market at around two billion ... on you know maybe you'll get the tree ... and thus the money to buy at other leases reading your piece in anti communist so the Port Authority to work on the down to ... is it is in Midtown in four times where there are ... covering the last few years it's two weeks in on the severe pain I think you know the budgeting between seventy and a hundred million dollars just for that they could ... also reduce costs could actually go down to the plan and intended to go to reduce ... them and they would have to pay the of the tree but for now they're up ... so they're not only to pop ... that though the but all these other places for the total distance of ... the Goldstone to do ... I was bored with that that it is going to be really surprised if with it ... so it's going ... to ... tie so all Apple ... wanted us to stay up with it effectively finished at the bowling of the so it'll be delivered at the end of twenty thirty will be able to go to the top until twenty fourteen if it stays on stage ... and seemed to stop that now with the heart to heart just that that often ... aam was this guy and Eliot Brown thanks so much that every priest in an interesting story I would do more in the coming after all happen to be when we were to work down there that that you know and done ... you could say was undermined its doors on your mind when you're down there yourself with your in the building or in the building next to it right ... now it's half that I've that if if ever now thank the much for joining us Dan thanks for being here ...